Q10(c) One of the key assumptions underpinning the use of the abnormal earnings (residual income) valuation model is that the 'clean-surplus relation' holds. (i) Explain briefly what is meant by the 'clean surplus relation. (2 marks) (ii) Does Vodafone Group ple's accounting violate the 'clean-surplus relation'? If it does, indicate the total amount by which clean surplus is violated for the year ending on March 31. 2012. (2 marks) (iii)If the 'clean surplus relation' does not hold, can we still use the Abnormal Earnings valuation model in practice? Explain your answer. (2 marks)